Financial planner jailed for nine years for $3.3m fraud

ASIC/jail/

| By James Mitchell |

A Sydney financial planner has been sentenced to a maximum jail term of nine years after pleading guilty to 12 counts of dishonestly obtaining financial advantage by deception.

AUTHOR

James Mitchell

James Mitchell is a senior financial services reporter with over ten years experience. He has covered the Murray Inquiry, the Hayne royal commission and the evolution of Australia's financial intermediary sectors since 2011, with a focus on banking, superannuation, mortgages and wealth management.

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Equities to come out of earnings ‘valley’: Munro Partners

munro/equities/

| By Charbel Kadib |

Funds management

Investor appetite for equities is set to recover as markets “look through the valley” to the other side of the bear market, according to the fund manager.

AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

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Can Australia restock its supply of financial advisers?

BT/striver/RDR/

| By Alexandra Vanags |

Financial planning

Dwindling numbers of Australian advisers is a major concern, but BT Financial chief executive Matt Rady says the thriving UK market gives him hope that Australia can attract new blood to the profession — provided we go about it the right way.

AUTHOR

Alexandra Vanags

Alex began her career as a financial journalist 20 years ago. She has covered industries as diverse as finance, technology, education, healthcare and pharmaceuticals.

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It's time for ESG funds to dump toxic tech exposures

Alphinity-Investment-Management/ESG/Elon-Musk/tesla/artificial-intelligence/chatgpt/

| By James Mitchell |

Editorial

A conversation between Elon Musk and Google co-founder Larry Page reveals the sociopathic nature of the Big Tech companies that dominate ESG funds.

AUTHOR

James Mitchell

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Magellan shuns banks amid recession doubts

Magellan/recession/banks/financials/The-Magellan-Global-fund/

| By Laura Dew |

Funds management

Magellan has begun positioning its $7.3 billion Global portfolio for a recession, which it believes is a likely scenario this year.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Investment exec departs Morgan Stanley Private Wealth

Morgan-Stanley/exit/

| By Rhea Nath |

People & Products

Nathan Lim had been with the firm for seven years and was responsible for forming its asset allocation and portfolio management capability for Australia and Asia.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Elston appoints investment specialist from Morningstar

elston-asset-management/Elston/hires/morningstar/

| By Laura Dew |

People & Products

Elston Asset Management has announced the appointment of Clint Abraham as its new investment specialist.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Super funds investing at least $25bn in fossil fuel expansion

climate-change/super-funds/fossil-fuels/Superannuation/

| By Rhea Nath |

Superannuation

New analysis has found the 15 largest funds are collectively investing at least $25 billion into opening new coal, oil, and gas projects despite commitments to tackling climate change.

AUTHOR

Rhea Nath

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Significant shake-up ahead for RBA

RBA/Philip-Lowe/monetary-policy/

| By Jasmine Siljic |

Policy & Regulation

Already headlining as one the largest shake-ups in the Reserve Bank of Australia’s history, the central

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Will experience pathway help stem adviser exits?

Wealth-Data/experience-pathway/infocus/insignia-financial/

| By Laura Dew |
Financial planning

The extension of the experience pathway by two extra years means another 424 advisers lacking degrees could be eligible as the industry sees double-digit departures this week.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Financial planner jailed for nine years for $3.3m fraud

AUTHOR

James Mitchell

James 's social profiles:

Equities to come out of earnings ‘valley’: Munro Partners

AUTHOR

Charbel Kadib

Charbel 's social profiles:

Can Australia restock its supply of financial advisers?

AUTHOR

Alexandra Vanags

Alexandra 's social profiles:

It's time for ESG funds to dump toxic tech exposures

AUTHOR

James Mitchell

James 's social profiles:

Magellan shuns banks amid recession doubts

AUTHOR

Laura Dew

Laura 's social profiles:

Investment exec departs Morgan Stanley Private Wealth

AUTHOR

Rhea Nath

Rhea 's social profiles:

Elston appoints investment specialist from Morningstar

AUTHOR

Laura Dew

Laura 's social profiles:

Super funds investing at least $25bn in fossil fuel expansion

AUTHOR

Rhea Nath

Rhea 's social profiles:

Significant shake-up ahead for RBA

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Will experience pathway help stem adviser exits?

AUTHOR

Laura Dew

Laura 's social profiles:

Never miss the latest news and developments in wealth management industry

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Zagga Retains 4-Star ‘Superior’ Rating by SQM Research for Fifth Consecutive Year

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From Investment Banking to Boutique Fund Management: How Rixon Capital’s Founder is Redefining Private Credit

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